Melissa take from the rich, give to everyone else. President obama will up veil a robin hoodstyle tax plan in his state of the Union Address tomorrow. The proposal calls for a 320 billion tax increase on the wealthy. Lets bring in todays panel. Matt mat welch is editorinchief of reason magazine along with Carrie Sheffield from forbes and the president of advantage payroll services. Thanks to all of you for joining us. Mat what do you think . Lets just tax the rich and give people free stuff in quotation marks free. The thing that strikes me beside the fact that its not going to pass, almost none of this stuff is going to go anywhere, is that he actually thinks we need to make Community College free by taxing our College Savings plan. Melissa yeah. Which is just gonna go nowhere for those of us who are not in the 1 and who have who take our College Savings plans pretty seriously. Melissa it is amazing because when you drill down on the details that are available at point,s that is one t
Michael brown. Todays panel, fox business senior correspondent, Charlie Gasparino, jack hough from barrons and david asman here. The show is called money. That is what well focus on. It costs businesses in the area a fortune. At 4 00 we have a lawyer that represents a lot of those businesses. Weve got people planning right now, all the radicals in ferguson, none care much about the death of this kid. What they care about is having protests and doing best they can to destroy the system, capitalist system. That is what theyre in business to do, most of these protesters. You look at them, look at resume, look where they come, from same old crowd, the crowd that was here with down on occupy wall street. But the thing is there is one guy in particular who really deserves mention. That is al sharpton. Al sharpton in many ways inciting people to dot worst. This is disturbing. He was in the front row at the white house when they announced the nomination for the next attorney general. He is a r
Stuart president obama unveiling a plan to offer legal status for millions of undocumented workers. President s executive actions on immigration. That number almost matches the number of new jobs that have been created since 2009. We have john wants the four booties. So many Different Things that people are talking about today. According to migration policy institute, 5. 2 Million Immigrants will get status based on this and the dream act. Do you think it is fair to compare those numbers . The problem we have in the u. S. Has nothing to do with immigration. If we have added i do not know. It is always a win for the u. S. Economy. President obama working with congress. He made more people legal. Melissa lets ask the economists, is that true . This is a very stagnant economy. It helps to explain why. These are folks that are competing in lowend jobs. Fighting terrorism to step up. Melissa do we have those jobs right now . You bring a whole bunch more people here who need jobs. Is it help
Angela merkel earlier today to discuss a solution to the growing violence in ukraine. Even as we continue to work for a diplomatic solution we are making it clear again today if russia continues on its current course, which is ruining the russian economy and hurting the russian people as well as having such a terrible effect on ukraine russias isolation will only worsen politically and economically. Melissa the president did not rule out providing Lethal Weapons to ukraine saying no decision has been made. Lets bring in todays panel, Charlie Gasparino looking sharp, Mary Katharine ham from hot air. Com, also john luns ski from moodys. What do you think they were talking about . Disagreement between germany and the u. S. Im glad the president has not ruled out lethal help have you senator mccain and senator Lindsey Graham trying to get the u. S. Out in front on this issue and germany going hold on were talking to putin. President continues to say russia is isolated when im not sure russ
Markets. The dow losts picking up steam. Take a look at. That were sitting at session lows. Were down 220 points on the dow. Look at that 1. 25 . The s p is following suit. Down 25 points. The that is 1. 2 . The other huge story of the day propelling the market story, it is just getting crushed. Look at that almost 60 bucks. Breaking below 61 a barrel, reveals surprise inventory increase. Opec cutting its demand forecast for next year. That is new. Here with me, charlie gasparino, fox business senior correspondent, Lauren Simonetti from fox business, and James Freeman of the wall street journal. Charlie, what do you make of the breakdown in the markets . Listen, i think its a good thing. Melissa good thing for the markets down so much . Okay. I like the fact that consumers and average working class americans are getting a huge tax cut by Lower Oil Prices and lower tax prices, if the fat cats take it on the chin, thats fine. The market had incredible run since 2009, fueled in large part